FMHI - First Trust Municipal High Income ETF
| Assets | $280.81M |
| NAV | $56.73 |
| Expense Ratio | 0.55% |
| PE Ratio | n/a |
| Beta (5Y) | 0.13 |
| Dividend (ttm) | $1.66 |
| Dividend Yield | 2.93% |
| Ex-Dividend Date | Jul 21, 2021 |
| 1-Year Return | - |
| Trading Day | July 23 |
| Last Price | $56.69 |
| Previous Close | $56.73 |
| Change ($) | -0.04 |
| Change (%) | -0.07% |
| Day's Open | 56.81 |
| Day's Range | 56.60 - 56.81 |
| Day's Volume | 103,567 |
| 52-Week Range | 50.07 - 57.63 |
Fund Description
The investment seeks to provide federally tax-exempt income, and its secondary objective will be long-term capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. Municipal securities are generally issued by or on behalf of states, territories or possessions of the U.S. and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities.
| Asset Class Fixed Income | Inception Date Nov 1, 2017 |
| Exchange NASDAQ | Ticker Symbol FMHI |
| Index Tracked Bloomberg Barclays Municipal Custom High Yield Composite Index | |
Top 10 Holdings
16.06% of assets| Name | Symbol | Weight |
|---|---|---|
| Us Dollars | n/a | 6.19% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | n/a | 1.55% |
| CANYON PINES MET DIST COLO SPL IMPT DIST NO 1 SPL ASSMT REV 3.75% | n/a | 1.26% |
| OKLAHOMA DEV FIN AUTH REV 7.25% | n/a | 1.13% |
| ILLINOIS ST 5% | n/a | 1.13% |
| YAMHILL CNTY ORE HOSP AUTH REV 5% | n/a | 1.05% |
| NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 4% | n/a | 1.01% |
| SOUTHCENTRAL PA GEN AUTH REV 4% | n/a | 0.96% |
| SAN FRANCISCO CALIF CITY & CNTY 4% | n/a | 0.90% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4% | n/a | 0.88% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 21, 2021 | $0.13 | Jul 30, 2021 |
| Jun 24, 2021 | $0.135 | Jun 30, 2021 |
| Jun 23, 2021 | $0.135 | Jun 30, 2021 |
| May 21, 2021 | $0.135 | May 28, 2021 |
| Apr 21, 2021 | $0.14 | Apr 30, 2021 |
| Mar 25, 2021 | $0.14 | Mar 31, 2021 |
The municipal high-income ETF hit a 52-week high recently. Can it soar higher?
First Trust Municipal High Income ETF (FMHI) recently hit a 52-week high. Will it soar further?
The tax hike talks, improving U.S. economic growth, high yields and chances of issuances of build back America bonds may help muni bond ETFs in the near term.
There is growing support among Americans for wealth tax imposition. What would it bring for muni bond ETFs?
Democratic presidential candidates are pitching for tax hikes in some way or the other. This should keep the winning momentum alive for muni bond ETFs.